1455 Fanshawe Park Road W London, Ontario N6H 5L3
$5,750,000
Prime Real Estate is pleased to offer for sale one of the best corners in London. This site represents a premium investment and/or development opportunity. The property is fully tenanted with flexible lease terms, offering the unique opportunity to structure/secure market tenancies or owner-occupy. One of the buildings, home of the beloved Four Seasons, offers a turnkey restaurant and reception hall in 4,630 SF with 4,630 SF in the lower level. The site also offers an investor the opportunity to add up to an additional 8,843 SF of retail space. The Official Plan designates this property as a Shopping Area which encourages medium to high density along with retail and mixed-use development. The favourable official plan designation coupled with nearby precedence uniquely positions this property as a high-density opportunity, offering versatility and considerable upside. The property features 351 feet of frontage on Fanshawe Park Road and 200 feet of frontage on Hyde Park Road with daily traffic counts of 21,500. The property is surrounded by active development and is already home to one of the most desirable neighbourhoods and rapidly growing demographics in the City of London. The contiguous 1.414-acre property (1491 Fanshawe Park Road) is owned by the same principals offering a potential land assembly of 3.098 acres for a high-density development. (id:28006)
Property Details
| MLS® Number | 40556414 |
| Property Type | Retail |
| Amenities Near By | Public Transit, Schools |
| Community Features | High Traffic Area |
| Features | Visual Exposure |
| Parking Space Total | 121 |
Building
| Basement Type | Full |
| Constructed Date | 1993 |
| Exterior Finish | Brick, Stone, Stucco |
| Fireplace Present | No |
| Foundation Type | Poured Concrete |
| Stories Total | 1 |
| Size Exterior | 12005.0000 |
| Utility Water | Municipal Water |
Land
| Access Type | Road Access |
| Acreage | Yes |
| Land Amenities | Public Transit, Schools |
| Sewer | Municipal Sewage System |
| Size Depth | 209 Ft |
| Size Frontage | 351 Ft |
| Size Irregular | 1.684 |
| Size Total | 1.684 Ac|1/2 - 1.99 Acres |
| Size Total Text | 1.684 Ac|1/2 - 1.99 Acres |
| Zoning Description | Rsc2 Rsc4 Rsc5 |
https://www.realtor.ca/real-estate/26640427/1455-fanshawe-park-road-w-london
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London and St. Thomas Association of REALTORS®
Prime Real Estate Brokerage
March 19 2024 05:21:10
